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David Schweikert: “Eliminating the cap on Social Security at that time only…”

Featuring: David Schweikert, Republican | U.S. House, Arizona, District 1

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David Schweikert's Address on Economic Challenges and Legislative Solutions

Published | Video Starts at 22:29

And oh by the way, the solution you get all the time. Well, just raise the cap. Okay, raise the cap. You do realize just Eliminating the cap on Social Security at that time only covers 38% of the shortfall. and the first full year, our math last year we did was 609 or $608 billion. So almost 2 thirds of what the entire defense budget is. That's seven years. (22:29–22:34)

CLAIM

Asserts that removing the cap on Social Security contributions would only cover 38% of the funding shortfall.

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